A soar in shopper prices into a 30-year high, combined with the stress that prices would remain elevated for the length that stretches the boundaries of “transitory” — the Fed’s most popular descriptor — has brought on criticisms that Powell isn't remaining proactive enough during the fight against inflation. https://financefeeds.com/global-fx-market-summary-fed-usd-us-economic-data-july-15-2024/